NetSuite (NYSE:N) has unveiled a new cloud computing solution that allows mid-market multi-national and multi-subsidiary companies to manage global business operations in real-time.

NetSuite OneWorld provides business with an integrated on-demand system that delivers real-time subsidiary management and business consolidation capabilities for front-office, back-office and e-commerce operations. It allows companies with multiple subsidiaries, business units and legal entities to manage local operations, and roll the data up for regional and global visibility in their currency of choice.

"With NetSuite OneWorld, we are delivering capabilities to mid-sized companies that even the world's largest companies have failed to achieve after spending millions of dollars," Zach Nelson, CEO of NetSuite, said in a statement. "The combination of Cloud Computing with NetSuite OneWorld delivers local control with global visibility, not just across financials but across every aspect of the business — from lead to forecast to order to cash collection."